Tuesday, July 7, 2015

'Selfies' a new authentication method for MasterCard

Taking selfies usually considered by many people as a mental disorder and we have read several reports regarding this, but not anymore now as one of the largest online payment system is going for a trial to take selfies as replacement authentication for passwords. MasterCard said that it will test this new mechanism just to know that how much it will be effective to minimize fraud threats. Facial recognition is not new as several smartphones use this feature to unlock the device. Although security researchers still obscure about the robustness of such authentication system as there are multiple instances in the past where intruders are able to bypass the mechanism. If all goes well, MasterCard plans to integrate facial recognition in smartphone application that initiates when a payment needs to be made, asking for authorization through fingerprint or facial analysis. <more>